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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: kha vu who wrote (75582)12/16/1999 9:52:00 AM
From: Doug Robinson  Respond to of 120523
 
KOREA-Lehman Initiates with Top "1-Buy" Rating/Target $100 (See Below)

By Brenon Daly, Susan Lerner & Tomi Kilgore,
CBS MarketWatch
Last Update: 9:40 AM ET Dec 16, 1999: NewsWatch
Indications
ADR Report

Thursday, December 16, 1999

--9:40 am Korea Thrunet gets Lehman boost
Korea Thrunet (KOREA: news, msgs) is bullying 9 3/8, or 17 percent higher, to 64 3/4. Lehman Brothers has issued its top "1-Buy" recommendation on the South Korean Internet service provider's shares and set a near-term target price of $100. The company is expected to report quarterly results after the close of trading. Lehman, which lead managed the company's IPO, is expecting Korea to report revenues of $15.4 million.